Ufaleynickel Loses 199m RUR in January-June 2011

The net loss of Ufaleynickel (based in Chelyabinsk Region), calculated in accordance with the Russian accounting standards, reached 199.2m RUR in the first half of 2011 compared with 84.2m RUR in the first half of 2010, the company’s report states.

The company’s gross profit decreased by 4.55 times and came to 65.86m RUR, its pre-tax loss came to 64.49m RUR.

The enterprise explains its performance indicators stem from the dropping disposal price of nickel and growing prime cost.